There are many ways to improve cash flow, so let’s take a look at some of the strategies that have been working for our clients. Review your cash flow statement (cash summary) regularly If you want your cash flow to … Read More
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so low that it is impractical and unreasonable to account for it, the … Read More
IRS Tips for the Home Office Deduction Taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. Use … Read More
Let’s talk fear. Fear of costs, fear of information, fear of change. Businesses are often held back by fear in one or more of these areas. Sometimes it isn’t the fear itself but rather the unknown on the other side … Read More
Congratulations, you now own your own business. Now, you need to prove yourself in the role, which means staying motivated and on-task. This can be hard for a new entrepreneur. Here are some quick tips to ensure you’re a doer, … Read More
Between the upcoming presidential election and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax — which makes helping clients with year-end planning all the more crucial. “Year-end tax … Read More
Thankfully, the odds that your tax return will be singled out for an audit are pretty low. The IRS audited only 0.4% of all individual tax returns in 2019 (down from 0.59% in 2018). Plus, the vast majority of these … Read More
This time of year is synonymous with thankfulness, filled with family gatherings, food drives and plenty of good cheer to go around. And it’s no wonder this season feels so merry; it’s centered around gratitude. According to experts, the practice … Read More
Owning and operating a business is expensive. While larger businesses often have significant financial backing to counteract these costs, small business owners need to be more resourceful. Implementing some effective cost management techniques should keep you afloat even in a … Read More
Failure is a part of business. Very few entrepreneurs ever make it big without first experiencing some massive failures. Whether it be running a business into the ground, getting fired from a job or even going to jail, plenty of … Read More
